$ALTX
ALTEX INDUSTRIES INC

2023 Q4 Form 10-K Financial Statement

#000109690623002389 Filed on December 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023
Revenue $6.000K $6.000K $32.00K
YoY Change -53.85% -83.33% -11.11%
Cost Of Revenue $1.000K $1.000K $4.000K
YoY Change 0.0% 33.33%
Gross Profit $5.000K $5.000K $28.00K
YoY Change -58.33% 400.0% -15.15%
Gross Profit Margin 83.33% 83.33% 87.5%
Selling, General & Admin $50.00K $49.00K $263.0K
YoY Change -55.75% -12.5% 46.93%
% of Gross Profit 1000.0% 980.0% 939.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.000K $2.000K $6.000K
YoY Change -50.0% -77.78% -33.33%
% of Gross Profit 20.0% 40.0% 21.43%
Operating Expenses $52.00K $51.00K $273.0K
YoY Change -55.17% -73.3% 45.21%
Operating Profit -$47.00K -$46.00K -$245.0K
YoY Change -54.81% -75.79% 58.06%
Interest Expense $30.00K $30.00K $101.0K
YoY Change 57.89% 172.73% 621.43%
% of Operating Profit
Other Income/Expense, Net $30.00K $0.00 $110.0K
YoY Change 11.11% -100.0% 2650.0%
Pretax Income -$16.00K -$16.00K -$131.0K
YoY Change -78.95% -66.67% -141.85%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$16.00K -$16.00K -$131.0K
YoY Change -78.95% -105.11% -141.85%
Net Earnings / Revenue -266.67% -266.67% -409.38%
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 $0.00 -$0.01
COMMON SHARES
Basic Shares Outstanding 11.35M shares 11.52M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q4 2023 Q3 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.219M $2.232M $2.232M
YoY Change -3.69% -5.34% -5.34%
Cash & Equivalents $2.219M $2.232M $2.232M
Short-Term Investments
Other Short-Term Assets $15.00K $22.00K $22.00K
YoY Change -16.67% -15.38% -15.38%
Inventory
Prepaid Expenses
Receivables $2.000K $4.000K $4.000K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.236M $2.258M $2.258M
YoY Change -3.91% -5.32% -5.32%
LONG-TERM ASSETS
Property, Plant & Equipment $28.00K $29.00K $76.00K
YoY Change -15.15% -17.14% -28.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $68.00K $76.00K $76.00K
YoY Change -30.61% -28.3% -28.3%
TOTAL ASSETS
Total Short-Term Assets $2.236M $2.258M $2.258M
Total Long-Term Assets $68.00K $76.00K $76.00K
Total Assets $2.304M $2.334M $2.334M
YoY Change -4.99% -6.3% -6.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.000K $4.000K $4.000K
YoY Change -85.71% 0.0% 0.0%
Accrued Expenses $1.140M $1.140M $1.178M
YoY Change -0.09% 6.24% 6.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.175M $1.182M $1.182M
YoY Change 0.0% 6.2% 6.2%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $13.00K $20.00K $20.00K
YoY Change -67.5% -57.45% -57.45%
Total Long-Term Liabilities $13.00K $20.00K $20.00K
YoY Change -67.5% -57.45% -57.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.175M $1.182M $1.182M
Total Long-Term Liabilities $13.00K $20.00K $20.00K
Total Liabilities $1.188M $1.202M $1.202M
YoY Change -2.22% 3.62% 3.62%
SHAREHOLDERS EQUITY
Retained Earnings -$12.71M -$12.70M
YoY Change 0.56% 1.04%
Common Stock $114.0K $114.0K
YoY Change -1.72% -5.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.116M $1.132M $1.132M
YoY Change
Total Liabilities & Shareholders Equity $2.304M $2.334M $2.334M
YoY Change -4.99% -6.3% -6.3%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023
OPERATING ACTIVITIES
Net Income -$16.00K -$16.00K -$131.0K
YoY Change -78.95% -105.11% -141.85%
Depreciation, Depletion And Amortization $1.000K $2.000K $6.000K
YoY Change -50.0% -77.78% -33.33%
Cash From Operating Activities -$13.00K -$3.000K -$58.00K
YoY Change 44.44% -90.63% -55.04%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $68.00K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $0.00 -23.00K -$68.00K
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -$13.00K -3.000K -$58.00K
Cash From Investing Activities $0.00 0.000 $0.00
Cash From Financing Activities $0.00 -23.00K -$68.00K
Net Change In Cash -$13.00K -26.00K -$126.0K
YoY Change -75.93% -18.75% -139.25%
FREE CASH FLOW
Cash From Operating Activities -$13.00K -$3.000K -$58.00K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023 dei Document Type
DocumentType
10-K
CY2023 dei Document Annual Report
DocumentAnnualReport
true
CY2023 dei Document Period End Date
DocumentPeriodEndDate
2023-09-30
CY2023 dei Document Transition Report
DocumentTransitionReport
false
CY2023 dei Entity File Number
EntityFileNumber
1-9030
CY2023 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2023 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
84-0989164
CY2023 dei Entity Address Address Line1
EntityAddressAddressLine1
700 Colorado Blvd
CY2023 dei Entity Address Address Line2
EntityAddressAddressLine2
#273
CY2023 dei Entity Address City Or Town
EntityAddressCityOrTown
Denver
CY2023 dei Entity Address State Or Province
EntityAddressStateOrProvince
CO
CY2023 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
80206-4084
CY2023 dei Entity Address Address Description
EntityAddressAddressDescription
Address of principal executive offices
CY2023 dei City Area Code
CityAreaCode
303
CY2023 dei Local Phone Number
LocalPhoneNumber
265-9312
CY2023 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2023 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2023 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2023 dei Entity Small Business
EntitySmallBusiness
true
CY2023 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2023 dei Entity Shell Company
EntityShellCompany
false
CY2023Q1 dei Entity Public Float
EntityPublicFloat
625000 usd
CY2023Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
11348021 shares
CY2023 dei Auditor Name
AuditorName
M&K CPAS, PLLC
CY2023 dei Auditor Firm
AuditorFirmId
2738
CY2023 dei Auditor Location
AuditorLocation
Houston, TX
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2232000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2358000 usd
CY2023Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
4000 usd
CY2022Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
1000 usd
CY2023Q3 us-gaap Other Assets Current
OtherAssetsCurrent
22000 usd
CY2022Q3 us-gaap Other Assets Current
OtherAssetsCurrent
26000 usd
CY2023Q3 us-gaap Assets Current
AssetsCurrent
2258000 usd
CY2022Q3 us-gaap Assets Current
AssetsCurrent
2385000 usd
CY2023Q3 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
326000 usd
CY2022Q3 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
327000 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
297000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
292000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
29000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
35000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
47000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
71000 usd
CY2023Q3 us-gaap Assets
Assets
2334000 usd
CY2022Q3 us-gaap Assets
Assets
2491000 usd
CY2023Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
4000 usd
CY2022Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
4000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
27000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
25000 usd
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1140000 usd
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1073000 usd
CY2023Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
11000 usd
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
11000 usd
CY2023Q3 us-gaap Liabilities Current
LiabilitiesCurrent
1182000 usd
CY2022Q3 us-gaap Liabilities Current
LiabilitiesCurrent
1113000 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
20000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
47000 usd
CY2023Q3 us-gaap Liabilities
Liabilities
1202000 usd
CY2022Q3 us-gaap Liabilities
Liabilities
1160000 usd
CY2023Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 usd
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 usd
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2023Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2022Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
11348021 shares
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
11348021 shares
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12011401 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12011401 shares
CY2023Q3 us-gaap Common Stock Value
CommonStockValue
114000 usd
CY2022Q3 us-gaap Common Stock Value
CommonStockValue
121000 usd
CY2023Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
13715000 usd
CY2022Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
13776000 usd
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-12697000 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-12566000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
1132000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
1331000 usd
CY2023Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2334000 usd
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2491000 usd
CY2023 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
32000 usd
CY2022 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
36000 usd
CY2023 us-gaap Revenues
Revenues
32000 usd
CY2022 us-gaap Revenues
Revenues
36000 usd
CY2023 us-gaap Production Tax Expense
ProductionTaxExpense
4000 usd
CY2022 us-gaap Production Tax Expense
ProductionTaxExpense
3000 usd
CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
263000 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
179000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9000 usd
CY2023 us-gaap Operating Expenses
OperatingExpenses
273000 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
191000 usd
CY2023 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
0 usd
CY2022 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
450000 usd
CY2023 us-gaap Interest Income Other
InterestIncomeOther
101000 usd
CY2022 us-gaap Interest Income Other
InterestIncomeOther
14000 usd
CY2023 us-gaap Other Income
OtherIncome
9000 usd
CY2022 us-gaap Other Income
OtherIncome
4000 usd
CY2023 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
110000 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
468000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-131000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
313000 usd
CY2023 fil Basic And Diluted Income Loss Per Share
BasicAndDilutedIncomeLossPerShare
-0.01
CY2022 fil Basic And Diluted Income Loss Per Share
BasicAndDilutedIncomeLossPerShare
0.03
CY2023 fil Basic And Diluted Weighted Average Shares Outstanding
BasicAndDilutedWeightedAverageSharesOutstanding
11549403 shares
CY2022 fil Basic And Diluted Weighted Average Shares Outstanding
BasicAndDilutedWeightedAverageSharesOutstanding
12011401 shares
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-131000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
313000 usd
CY2023 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
0 usd
CY2022 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
450000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2000 usd
CY2023 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-4000 usd
CY2022 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
5000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
0 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2000 usd
CY2023 fil Increase In Accrued Expenses Related Party
IncreaseInAccruedExpensesRelatedParty
67000 usd
CY2022 fil Increase In Accrued Expenses Related Party
IncreaseInAccruedExpensesRelatedParty
0 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-1000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-58000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-129000 usd
CY2023 us-gaap Proceeds From Sale Of Other Assets1
ProceedsFromSaleOfOtherAssets1
0 usd
CY2022 us-gaap Proceeds From Sale Of Other Assets1
ProceedsFromSaleOfOtherAssets1
450000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
450000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
68000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-68000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
0 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-126000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
321000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2358000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2037000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2232000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2358000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
1018000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
313000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
1331000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-131000 usd
CY2023 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
68000 usd
CY2023 us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
0 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
1132000 usd
CY2023 us-gaap Nature Of Operations
NatureOfOperations
<p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify"><b><i>Nature of operations: </i></b>Altex Industries, Inc., through its wholly-owned subsidiary, jointly referred to as “the Company,” owns non-working interests in productive oil and gas properties located in Utah and Wyoming. The Company’s revenues are generated from interest income from cash deposits and from sales of oil and gas production. The Company’s operations are significantly affected by changes in interest rates and oil and gas prices.</p>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify"><b><i>Estimates</i></b>: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify"><b><i>Concentrations of credit risk</i></b><i>: </i>The Company maintains significant amounts of cash and sometimes permits cash balances to exceed insured limits.</p>
CY2022Q3 fil Proved Developed And Undeveloped Reserve Production
ProvedDevelopedAndUndevelopedReserveProduction
-300 pure
CY2022Q3 fil Net Proved Developed And Undeveloped Reserves
NetProvedDevelopedAndUndevelopedReserves
1300 pure
CY2023Q3 fil Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates
ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimates
700 pure
CY2023Q3 fil Proved Developed And Undeveloped Reserve Production
ProvedDevelopedAndUndevelopedReserveProduction
-400 pure
CY2023Q3 fil Net Proved Developed And Undeveloped Reserves
NetProvedDevelopedAndUndevelopedReserves
1600 pure
CY2023 us-gaap Depletion
Depletion
860000 usd
CY2023Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
2318000 usd
CY2023Q3 us-gaap Deferred Tax Assets Other Tax Carryforwards
DeferredTaxAssetsOtherTaxCarryforwards
181000 usd
CY2022Q3 us-gaap Deferred Tax Assets Other Tax Carryforwards
DeferredTaxAssetsOtherTaxCarryforwards
181000 usd
CY2023Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
487000 usd
CY2022Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
472000 usd
CY2023Q3 fil Deferred Tax Assets Accrued Shareholder Salary
DeferredTaxAssetsAccruedShareholderSalary
228000 usd
CY2022Q3 fil Deferred Tax Assets Accrued Shareholder Salary
DeferredTaxAssetsAccruedShareholderSalary
215000 usd
CY2023Q3 fil Deferred Tax Assets Deletion And Amortizations
DeferredTaxAssetsDeletionAndAmortizations
2000 usd
CY2022Q3 fil Deferred Tax Assets Deletion And Amortizations
DeferredTaxAssetsDeletionAndAmortizations
3000 usd
CY2023Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
898000 usd
CY2022Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
871000 usd
CY2023Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
898000 usd
CY2022Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
871000 usd
CY2023Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2022Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-28000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
66000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 usd
CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-28000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-66000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2023Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
1087000 usd
CY2023Q3 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
53000 usd
CY2023 us-gaap Concentration Risk Additional Characteristic
ConcentrationRiskAdditionalCharacteristic
the Company had one customer who accounted for 83% of the Company's oil and gas sales
CY2022 us-gaap Concentration Risk Additional Characteristic
ConcentrationRiskAdditionalCharacteristic
the Company had four customers who individually accounted for 10% or more of the Company's oil and gas sales and who, in aggregate, accounted for 93% of oil and gas sales
CY2022 us-gaap Concentration Risk Other Risk
ConcentrationRiskOtherRisk
the four customers individually accounted for 48%, 17%, 17%, and 11% of oil and gas sales
CY2023Q3 us-gaap Liabilities Subject To Compromise Early Contract Termination Fees
LiabilitiesSubjectToCompromiseEarlyContractTerminationFees
4000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
30000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
28000 usd
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
118000 usd
CY2023Q3 us-gaap Operating Leases Future Minimum Payments Next Rolling Twelve Months
OperatingLeasesFutureMinimumPaymentsNextRollingTwelveMonths
28000 usd
CY2023Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
22000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
50000 usd
CY2023Q3 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
326000 usd
CY2022Q3 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
327000 usd
CY2023Q3 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
297000 usd
CY2022Q3 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
292000 usd
CY2023Q3 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
29000 usd
CY2022Q3 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
35000 usd
CY2022 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
450000 usd
CY2022 us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
663380 shares
CY2023 us-gaap Other Income
OtherIncome
9000 usd
CY2022 us-gaap Other Income
OtherIncome
4000 usd
CY2023Q3 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
326000 usd
CY2023Q3 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
297000 usd
CY2023Q3 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
29000 usd
CY2020Q3 fil Net Proved Developed And Undeveloped Reserves
NetProvedDevelopedAndUndevelopedReserves
1000 pure
CY2022Q3 fil Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates
ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimates
600 pure
CY2023Q3 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
105000 usd
CY2022Q3 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
110000 usd
CY2023Q3 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
12000 usd
CY2022Q3 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
13000 usd
CY2023Q3 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
93000 usd
CY2022Q3 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
97000 usd
CY2023Q3 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
-27000 usd
CY2022Q3 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
-29000 usd
CY2023Q3 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
66000 usd
CY2022Q3 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
68000 usd
CY2023 srt Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
68000 usd
CY2022 srt Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
33000 usd
CY2023 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
-28000 usd
CY2022 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
-33000 usd
CY2023 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
-14000 usd
CY2022 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
24000 usd
CY2023 fil Revisions Of Quantity Estimates
RevisionsOfQuantityEstimates
33000 usd
CY2022 fil Revisions Of Quantity Estimates
RevisionsOfQuantityEstimates
42000 usd
CY2023 us-gaap Accretion Expense
AccretionExpense
7000 usd
CY2022 us-gaap Accretion Expense
AccretionExpense
4000 usd
CY2023 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
0 usd
CY2022 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
-2000 usd
CY2023Q3 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
66000 usd
CY2022Q3 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
68000 usd

Files In Submission

Name View Source Status
0001096906-23-002389-index-headers.html Edgar Link pending
0001096906-23-002389-index.html Edgar Link pending
0001096906-23-002389.txt Edgar Link pending
0001096906-23-002389-xbrl.zip Edgar Link pending
altx-20230930.htm Edgar Link pending
altx-20230930.xsd Edgar Link pending
altx_ex31.htm Edgar Link pending
altx_ex32.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
altx-20230930_htm.xml Edgar Link completed
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
altx-20230930_lab.xml Edgar Link unprocessable
altx-20230930_def.xml Edgar Link unprocessable
altx-20230930_pre.xml Edgar Link unprocessable
altx-20230930_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable